Open Float
The liquidity still UNRESOLVED between the reference extremes. Once the float is exhausted, consolidation follows.
In the chapter
IIILiquidity
The market's fuel
From the same chapter
- BSLThe buy stops stacked ABOVE highs. Price visits them like a magnet.
- SSLThe sell stops stacked BELOW lows.
- RaidPrice running into a liquidity pool to trigger those stops, then reclaiming. It is manipulation, not direction.
- InducementAn 'obvious' intermediate high or low the algorithm manufactures so retail enters too early. Their stops fund the institutional entry at the real zone.
- Equal highs / lowsTwo or more extremes at the same price. They concentrate stops: magnets, not support.
- Trendline liquidityThe stops stacked along an obvious trendline. The more people draw it, the better it works as a trap.
- AcceptanceThe opposite of a sweep: price CLOSES beyond the level and continues. Never fade acceptance.
- PDH / PDLThe previous day's high and low: the reference daily liquidity pools.